“8-3. Some analysts say that huge New York Stock Exchange IPOs from companies such as Alibaba, headquartered in China, should be illegal in the United States because under communist governments there are not sufficient safeguards in place for financial transactions. Do you agree or disagree? Why?
8-16. Show algebraically that the price-earnings ratio formula is identical to the number of shares outstanding multiplied by the stock price formula. Why are the values obtained from these two methods sometimes different?
8-23. Explain why projected financial statement analysis is considered both a strategy-formulation and a strategy-implementation tool.”
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